'The broken ISDS system has time and time again worked in favor of big business interests while infringing on the rights and sovereignty of our trading partners and their people,' says a letter signed by SenWarren and 32 of her colleagues.
that she"will pursue a trade agenda in line with that commitment," the letter asks Tai's office and Blinken's department to"investigate any and all options at your disposal to eliminate ISDS liability from existing trade and investment agreements."the governments of foreign trading partners for profits they claim have been forfeited as a result of domestic policies designed to protect workers, consumers, and ecosystems.
government overturned a law that allowed corporations to establish self-regulated private cities inside the impoverished Central American nation exemplifies why the Biden administration needs"to take action to remove this problematic corporate handout from existing agreements," the letter says. This anti-democratic policy, approved under the leadership of previous officials, including former president Juan Orlando Hernández, who have since been indicted on drug trafficking and firearms charges, was highly controversial. Honduran labor unions, small farmers, Indigenous organizations, and even the nation's largest business groups expressed vehement opposition. According to the U.S. State Department, the zones"were broadly unpopular, and viewed as a vector for corruption.
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